Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h −0.028%

Price spread now: SoDEX against BloFin+0.021%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and SoDEX is 0.021% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WIF-USDT	0.2401	−0.0140	get 0.0070% / 4h	2h 35m	$1.0M	$896K	75x
Short	SoDEX WIF-USD	0.2402	0.0100	get 0.0013% / 1h	35m 10s	$554	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee SoDEXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $50.4
Price spread: +0.021% → 0.000%: $2.08
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $32.48
Costs to cover: 0.200%
Break-even: 2.5 days

Slippage unknown: BloFin: live order book, 2 min ago; SoDEX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 2 min ago	4.17 bp	10.2 bp −$10	17.0 bp −$170	42.0 bp −$4,199	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WIF on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin WIF-USDTlong	−0.0140%	4h	0.2401	long leg	$1.0M	$896K	75x
dYdX WIF-USD	0.0000%	1h	0.2404	+0.109%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2402	+0.042%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2402	+0.060%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0006%	1h	0.2399	−0.096%	$73K	$316K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0094% / S +0.0031%	1h	0.2402	+0.021%	$9K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2403	+0.100%	$144K	$667K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2403	+0.083%	$51K	$569K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2400	−0.042%	$8.5M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2399	−0.088%	$29K	$330K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2402	+0.040%	$76K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2399	−0.092%	$18.6M	$137.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2396	−0.208%	$16.4M	$45.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2395	−0.250%	$5.5M	$39.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2400	−0.042%	$1.1M	$8.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2400	−0.042%	$21.7M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2401	0.000%	$4.0M	$15.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2398	−0.125%	$7.3M	$15.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2396	−0.208%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2393	−0.328%	$87K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2398	−0.133%	$277K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2402	+0.042%	$44K	$627K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2402	+0.042%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2400	−0.042%	$1K	$3.0M	50x	as long as short
SoDEX WIF-USDshort	+0.0100%	1h	0.2402	+0.021%	$554	$5K	5x
HTX WIF-USDT	+0.0100%	4h	0.2401	0.000%	$169K	$781K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2401	−0.006%	$8K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2402	+0.025%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0249%	1h	0.2402	+0.047%	$634K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2402	+0.042%	$321K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2402	+0.047%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	−0.125%	$10K	$10K	12x	as long as short